Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹72.21, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 6.0% over the past three years. Reported Earnings • Jun 05
Full year 2026 earnings released Full year 2026 results: Revenue: ₹953.8m (down 10.0% from FY 2025). Net income: ₹19.2m (down 10.0% from FY 2025). Profit margin: 2.0% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Anuncio • May 21
Tirupati Foam Limited to Report Fiscal Year 2026 Results on May 29, 2026 Tirupati Foam Limited announced that they will report fiscal year 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹72.20, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 14% over the past three years. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹1.00 (vs ₹1.35 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.00 (down from ₹1.35 in 3Q 2025). Revenue: ₹248.5m (down 19% from 3Q 2025). Net income: ₹4.40m (down 26% from 3Q 2025). Profit margin: 1.8% (down from 2.0% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Anuncio • Feb 04
Tirupati Foam Limited to Report Q3, 2026 Results on Feb 11, 2026 Tirupati Foam Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹89.75, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 7.6% over the past three years. New Risk • Nov 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$10m (₹401.3m market cap, or US$4.49m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹101, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 19% over the past three years. Anuncio • Nov 03
Tirupati Foam Limited to Report Q2, 2026 Results on Nov 13, 2025 Tirupati Foam Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹102, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 9.2% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 29 October 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹98.40, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 21% over the past three years. Declared Dividend • Aug 30
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 22nd September 2025 Payment date: 29th October 2025 Dividend yield will be 1.2%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Anuncio • Aug 29
Tirupati Foam Limited announces Annual dividend, payable on October 29, 2025 Tirupati Foam Limited announced Annual dividend of INR 1.0000 per share payable on October 29, 2025, ex-date on September 22, 2025 and record date on September 22, 2025. Anuncio • Aug 28
Tirupati Foam Limited, Annual General Meeting, Sep 29, 2025 Tirupati Foam Limited, Annual General Meeting, Sep 29, 2025, at 15:30 Indian Standard Time. Anuncio • Aug 20
Tirupati Foam Limited to Report Fiscal Year 2025 Final Results on Aug 28, 2025 Tirupati Foam Limited announced that they will report fiscal year 2025 final results on Aug 28, 2025 Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.96 (vs ₹1.07 in 1Q 2025) First quarter 2026 results: EPS: ₹0.96 (down from ₹1.07 in 1Q 2025). Revenue: ₹230.5m (down 6.6% from 1Q 2025). Net income: ₹4.24m (down 10% from 1Q 2025). Profit margin: 1.8% (down from 1.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Anuncio • Aug 02
Tirupati Foam Limited to Report Q1, 2026 Results on Aug 12, 2025 Tirupati Foam Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Market cap is less than US$10m (₹429.7m market cap, or US$4.99m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹101, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 33% over the past three years. Anuncio • May 20
Tirupati Foam Limited to Report Fiscal Year 2025 Results on May 30, 2025 Tirupati Foam Limited announced that they will report fiscal year 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹120, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 24x in the Chemicals industry in India. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹107, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹1.35 (vs ₹1.39 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.35 (down from ₹1.39 in 3Q 2024). Revenue: ₹307.8m (up 5.6% from 3Q 2024). Net income: ₹5.96m (down 2.9% from 3Q 2024). Profit margin: 1.9% (down from 2.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Feb 01
Tirupati Foam Limited to Report Q3, 2025 Results on Feb 12, 2025 Tirupati Foam Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹1.01 (vs ₹1.10 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.01 (down from ₹1.10 in 2Q 2024). Revenue: ₹231.7m (down 3.6% from 2Q 2024). Net income: ₹4.47m (down 7.5% from 2Q 2024). Profit margin: 1.9% (down from 2.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹120, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 34x in the Chemicals industry in India. Total returns to shareholders of 93% over the past three years. Anuncio • Nov 05
Tirupati Foam Limited to Report Q2, 2025 Results on Nov 13, 2024 Tirupati Foam Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Anuncio • Sep 27
Tirupati Foam Limited Approves Board and Committee Appointments Tirupati Foam Limited announced at the AGM held on September 26, 2025, approved redesignation of Mr. Manharlal Mehta as whole time director from Non executive director and appointment of Mukesh Shah as Non executive and independent director in Audit committee and appointment of Meena R Sanghavi Non executive woman director in the stakeholder relationship committee. Upcoming Dividend • Sep 12
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.6%). Declared Dividend • Aug 29
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 19th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.6% EPS decline seen over the last 5 years. Anuncio • Aug 28
Tirupati Foam Limited, Annual General Meeting, Sep 26, 2024 Tirupati Foam Limited, Annual General Meeting, Sep 26, 2024, at 15:30 Indian Standard Time. Anuncio • Aug 27
Tirupati Foam Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024 Tirupati Foam Limited at its board meeting held on August 27, 2024, recommended 10% rate of Final Dividend that is INR 1 per share on 4,407,000 Equity Shares to be paid to the shareholders for the financial year ended March 31, 2024. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹1.07 (vs ₹1.10 in 1Q 2024) First quarter 2025 results: EPS: ₹1.07 (down from ₹1.10 in 1Q 2024). Revenue: ₹247.3m (up 5.8% from 1Q 2024). Net income: ₹4.72m (down 2.5% from 1Q 2024). Profit margin: 1.9% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Buy Or Sell Opportunity • Aug 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₹121. The fair value is estimated to be ₹100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 12%. Anuncio • Aug 02
Tirupati Foam Limited to Report Q1, 2025 Results on Aug 13, 2024 Tirupati Foam Limited announced that they will report Q1, 2025 results at 12:15 PM, Indian Standard Time on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹107, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹116, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 12% over the past three years. Buy Or Sell Opportunity • Jul 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₹104. The fair value is estimated to be ₹84.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 12%. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹93.20, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 32x in the Chemicals industry in India. Total returns to shareholders of 1.6% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹4.77 (vs ₹4.31 in FY 2023) Full year 2024 results: EPS: ₹4.77 (up from ₹4.31 in FY 2023). Revenue: ₹1.05b (up 2.8% from FY 2023). Net income: ₹21.0m (up 11% from FY 2023). Profit margin: 2.0% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Anuncio • May 19
Tirupati Foam Limited to Report Fiscal Year 2024 Results on May 29, 2024 Tirupati Foam Limited announced that they will report fiscal year 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹89.60, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 58% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹1.39 (vs ₹1.42 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.39 (down from ₹1.42 in 3Q 2023). Revenue: ₹292.6m (up 7.7% from 3Q 2023). Net income: ₹6.14m (down 1.8% from 3Q 2023). Profit margin: 2.1% (down from 2.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • Jan 31
Tirupati Foam Limited to Report Q3, 2024 Results on Feb 09, 2024 Tirupati Foam Limited announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 5.3% per year over the past 5 years. Market cap is less than US$10m (₹387.6m market cap, or US$4.65m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Buying Opportunity • Nov 21
Now 24% undervalued Over the last 90 days, the stock is up 2.8%. The fair value is estimated to be ₹116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹1.10 (vs ₹1.00 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.10 (up from ₹1.00 in 2Q 2023). Revenue: ₹241.3m (down 6.3% from 2Q 2023). Net income: ₹4.83m (up 9.3% from 2Q 2023). Profit margin: 2.0% (up from 1.7% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹93.86, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 27x in the Chemicals industry in India. Total loss to shareholders of 7.2% over the past year. Upcoming Dividend • Aug 31
Upcoming dividend of ₹1.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 14 October 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹1.10 (vs ₹1.11 in 1Q 2023) First quarter 2024 results: EPS: ₹1.10 (down from ₹1.11 in 1Q 2023). Revenue: ₹235.0m (down 4.1% from 1Q 2023). Net income: ₹4.84m (down 1.3% from 1Q 2023). Profit margin: 2.1% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Aug 03
Tirupati Foam Limited to Report Q1, 2024 Results on Aug 10, 2023 Tirupati Foam Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹99.51, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹83.38, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 165% over the past three years. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹4.32 (vs ₹4.14 in FY 2022) Full year 2023 results: EPS: ₹4.32 (up from ₹4.14 in FY 2022). Revenue: ₹1.02b (flat on FY 2022). Net income: ₹19.0m (up 4.1% from FY 2022). Profit margin: 1.9% (up from 1.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹71.62, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 77% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹1.42 (vs ₹1.68 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.42 (down from ₹1.68 in 3Q 2022). Revenue: ₹271.7m (down 19% from 3Q 2022). Net income: ₹6.25m (down 16% from 3Q 2022). Profit margin: 2.3% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Feb 01
Tirupati Foam Limited to Report Q3, 2023 Results on Feb 09, 2023 Tirupati Foam Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Anuncio • Nov 03
Tirupati Foam Limited to Report Q2, 2023 Results on Nov 11, 2022 Tirupati Foam Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 06
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 20 October 2022. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹84.60, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 26% over the past three years. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹4.15 (vs ₹2.47 in FY 2021) Full year 2022 results: EPS: ₹4.15 (up from ₹2.47 in FY 2021). Revenue: ₹1.03b (up 40% from FY 2021). Net income: ₹18.3m (up 68% from FY 2021). Profit margin: 1.8% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹81.00, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 5.0% over the past three years. Anuncio • May 20
Tirupati Foam Limited to Report Fiscal Year 2022 Results on May 30, 2022 Tirupati Foam Limited announced that they will report fiscal year 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹81.40, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 4.6% over the past three years. Anuncio • Apr 01
Tirupati Foam Limited Appoints Manishkumar Ramanbhai Patel as New Independent Director Tirupati Foam Limited announced the recommendation of nomination and remuneration committee, the board has approved the appointment of Manishkumar RamanBhai Patel as new independent director of the company with effect from March 31, 2022. Board Change • Mar 09
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Mukeshkumar Shah was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.68 (down from ₹1.83 in 3Q 2021). Revenue: ₹334.2m (up 35% from 3Q 2021). Net income: ₹7.40m (down 8.4% from 3Q 2021). Profit margin: 2.2% (down from 3.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹73.85, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹67.00, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 18x in the Chemicals industry in India. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹83.15, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 16x in the Chemicals industry in India. Total loss to shareholders of 13% over the past three years. Reported Earnings • Aug 19
First quarter 2022 earnings released: EPS ₹0.07 (vs ₹1.84 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹143.9m (up 252% from 1Q 2021). Net income: ₹323.0k (up ₹8.43m from 1Q 2021). Profit margin: 0.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹97.95, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 21x in the Chemicals industry in India. Total loss to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹86.45, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 21x in the Chemicals industry in India. Total loss to shareholders of 22% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹2.47 (vs ₹5.38 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹736.7m (down 7.7% from FY 2020). Net income: ₹10.9m (down 54% from FY 2020). Profit margin: 1.5% (down from 3.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹57.85, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 32% over the past three years. Is New 90 Day High Low • Feb 18
New 90-day high: ₹68.60 The company is up 91% from its price of ₹36.00 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹1.83 (vs ₹1.36 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹248.5m (up 16% from 3Q 2020). Net income: ₹8.07m (up 35% from 3Q 2020). Profit margin: 3.2% (up from 2.8% in 3Q 2020). The increase in margin was driven by higher revenue. Anuncio • Feb 03
Tirupati Foam Limited to Report Q3, 2021 Results on Feb 12, 2021 Tirupati Foam Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹43.90, the stock is trading at a trailing P/E ratio of 20x, up from the previous P/E ratio of 17.3x. This compares to an average P/E of 19x in the Chemicals industry in India. Total return to shareholders over the past year is a loss of 10%. Is New 90 Day High Low • Dec 29
New 90-day high: ₹38.00 The company is up 5.0% from its price of ₹36.25 on 25 September 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Anuncio • Oct 20
Tirupati Foam Limited Recommends No Dividend on Equity Shares for the Year Ending 31 March 2020 In view of the future expansion plan, the Directors of Tirupati Foam Limited has not recommend Dividend on Equity Shares for the Year ending 31 March 2020. Anuncio • Sep 09
Tirupati Foam Limited Announces Resuming Working of Registered Office Tirupati Foam Limited announced that the working in Registered Office of the Company at TIRUPATI HOUSE, fourth FLOOR, NR. TOPAZ RESTAURANT, UNIVERSITY ROAD, POLYTECHNIC CHAR RASTA, AMBAWADI, AHMEDABAD GJ 380015 which was suspended from August 24, 2020 due to the spread of Corona Virus with certain Directors and employees of the Company, are now resumed from September 8, 2020. Anuncio • Jul 23
Tirupati Foam Limited to Report Q4, 2020 Results on Jul 30, 2020 Tirupati Foam Limited announced that they will report Q4, 2020 results on Jul 30, 2020 
